Trans-Tasman apparel retailer Mosaic Brands is set to open 130 new stores as customers return to in-store shopping.
Mosaic Group’s brands include Katies, Millers, Noni B, Rivers, Rockmans, Crossroads, Autograph, W.Lane, EziBuy and Beme. According to unaudited accounts for the half year to 1 January, sales grew 23 per cent driven by strong trading momentum and a higher average transaction value.
Group CEO Scott Evans, said the preliminary result highlights how the company has changed enormously to emerge from Covid as a stronger and more sustainable business than three years ago. “We will be planning an additional 130 stores throughout this year, with online expected to reach up to eight million products by the end of the year,” said Evans.
